Should I buy or sell Root stock right now?

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Root in the last twelve months. There are currently 5 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" ROOT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ROOT, but not buy additional shares or sell existing shares. View ROOT analyst ratings or view top-rated stocks .

What is Root's stock price target for 2024?

9 brokerages have issued 1-year price objectives for Root's stock. Their ROOT share price targets range from $3.00 to $40.00. On average, they predict the company's share price to reach $15.88 in the next year. This suggests that the stock has a possible downside of 69.1%. View analysts price targets for ROOT or view top-rated stocks among Wall Street analysts .

How have ROOT shares performed in 2024?

Root's stock was trading at $10.48 on January 1st, 2024. Since then, ROOT stock has increased by 390.7% and is now trading at $51.43. View the best growth stocks for 2024 here .

When is Root's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 30th 2024. View our ROOT earnings forecast .

How can I listen to Root's earnings call?

Root will be holding an earnings conference call on Tuesday, April 30th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link .

How were Root's earnings last quarter?

Root, Inc. (NASDAQ:ROOT) issued its quarterly earnings results on Wednesday, February, 21st. The company reported ($1.64) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.49) by $0.85. The company had revenue of $194.80 million for the quarter, compared to the consensus estimate of $108 million. Root had a negative trailing twelve-month return on equity of 73.62% and a negative net margin of 32.40%.

When did Root's stock split?

Root shares reverse split before market open on Monday, August 15th 2022. The 1-18 reverse split was announced on Monday, August 15th 2022. The number of shares owned by shareholders was adjusted after the closing bell on Monday, August 15th 2022. An investor that had 100 shares of stock prior to the reverse split would have 6 shares after the split.

Root (ROOT) raised $569 million in an initial public offering on Wednesday, October 28th 2020. The company issued 24,200,000 shares at a price of $22.00-$25.00 per share. Goldman Sachs and Morgan Stanley served as the underwriters for the IPO and Barclays, Wells Fargo Securities, Credit Suisse, Deutsche Bank Securities, Evercore ISI, Truist Securities, Cantor, JMP Securities and Siebert Williams Shank were co-managers.

How do I buy shares of Root?

Shares of ROOT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:ROOT

Root (ROOT) Stock Price, News & Analysis

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Free ROOT Stock Alerts

$51.43

-2.29 (-4.26%)

(As of 04/18/2024 ET)

Compare

Today's Range: $50.45
▼
$56.22
50-Day Range: $7.58
▼
$82.90
52-Week Range: $3.63
▼
$85.99

Volume: 543,419 shs
Average Volume: 664,221 shs
Market Capitalization: $750.88 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $15.88

Get Root alerts:

Root MarketRank™ Stock Analysis

Analyst Rating: Hold
2.44 Rating Score
Upside/Downside: 69.1% Downside
$15.88 Price Target
Short Interest: Healthy
9.18% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.43
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($7.87) to ($5.03) Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.00 out of 5 stars

Finance Sector

752nd out of 822 stocks

Fire, Marine, & Casualty Insurance Industry

43rd out of 50 stocks

2.2

Analyst's Opinion

Consensus Rating
Root has received a consensus rating of Hold. The company's average rating score is 2.44, and is based on 4 buy ratings, 5 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Root has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
9.18% of the outstanding shares of Root have been sold short.
Short Interest Ratio / Days to Cover
Root has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Root has recently decreased by 4.96%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Root does not currently pay a dividend.
Dividend Growth
Root does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for ROOT.

2.5

News and Social Media Coverage

News Sentiment
Root has a news sentiment score of 0.43. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.57 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Root this week, compared to 0 articles on an average week.
Search Interest
Only 49 people have searched for ROOT on MarketBeat in the last 30 days. This is a decrease of -20% compared to the previous 30 days.
MarketBeat Follows
21 people have added Root to their MarketBeat watchlist in the last 30 days. This is an increase of 17% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Root insiders have not sold or bought any company stock.
Percentage Held by Insiders
10.34% of the stock of Root is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
59.82% of the stock of Root is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Root are expected to grow in the coming year, from ($7.87) to ($5.03) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Root is -5.03, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Root is -5.03, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Root has a P/B Ratio of 4.53. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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About Root Stock (NASDAQ:ROOT)

Root, Inc. provides insurance products and services in the United States. The company offers automobile, homeowners, and renters insurance products. It operates a direct-to-consumer model; and serves customers primarily through mobile applications, as well as through its website. The company's direct distribution channels also cover digital, media, and referral channels, as well as distribution partners and agencies. Root, Inc. was incorporated in 2015 and is headquartered in Columbus, Ohio.

ROOT Stock Price History

30 days | 90 days | 365 days | Advanced Chart

ROOT Stock News Headlines

April 16, 2024 | americanbankingnews.com

Root's (ROOT) "Market Outperform" Rating Reaffirmed at JMP Securities

April 10, 2024 | globenewswire.com

Root, Inc. Schedules Conference Call to Discuss First Quarter 2024 Financial Results

April 18, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

April 1, 2024 | fool.com

3 Stocks That Have Already Doubled Again in 2024

March 25, 2024 | msn.com

Harris to meet with Guatemalan president and pump billions into ‘root causes’ border strategy

March 20, 2024 | investorplace.com

3 Turbocharged Stocks to Buy for the Next S&P 500 All-Time High

March 13, 2024 | nbcnews.com

GOP Rep. Massie says TikTok bill would not address 'root problems'

March 6, 2024 | msn.com

USC Women's Basketball: Why Kaylas' Old High School Coach Still Can't Bring Herself To Root For Trojans

April 18, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

February 23, 2024 | seekingalpha.com

Root, Inc. Q4 Earnings: Current Price Requires Exceptional Growth

February 21, 2024 | globenewswire.com

Root, Inc. Announces 2023 Fourth Quarter and Full Year Results

February 20, 2024 | globenewswire.com

Matt Bonakdarpour Elevated to President and Chief Technology Officer at Root

January 25, 2024 | msn.com

Execs with access to ‘root server’ may manipulate lottery system — PCSO IT official

November 30, 2023 | finance.yahoo.com

Northern Shield Intersects Multiple Gold Structures including 10.4 g/t Au Over 1.5 Metres at Root & Cellar Property, Newfoundland

November 15, 2023 | msn.com

Trump's "vermin" speech again draws scrutiny to extreme rhetoric

November 13, 2023 | msn.com

Trump compares opponents to 'vermin' who he will 'root out,' alarming historians

November 13, 2023 | msn.com

Trump issues sinister threat to 'root out' leftists if elected in 2024

November 6, 2023 | msn.com

Lavrov: The USA is the Evil Root that Needn't Be Uprooted; a Chemical Solution Exists

June 30, 2023 | investorplace.com

Why Is Root (ROOT) Stock Down 20% Today?

June 22, 2023 | investorplace.com

Why Is Root (ROOT) Stock Up 46% Today?

May 17, 2023 | marketwatch.com

Root Beer Market upto 2030

April 12, 2023 | marketwatch.com

Root Canal Irrigatos Market Size, Share and Forecast till 2030

March 29, 2023 | finance.yahoo.com

Roots Announces Details of its Fourth Quarter and Fiscal Year 2022 Results Conference Call

October 5, 2022 | barrons.com

Indonesian President To Order Stadium Audit To Find 'Root' Of Disaster

April 17, 2022 | dallasnews.com

How to make the Biden-Harris "root causes" policy work - The Dallas Morning News

April 7, 2022 | finance.yahoo.com

Roots Closes Out Strong Fiscal 2021 Delivering Solid Fourth Quarter Results with Continued Sales Growth, Gross Margin Expansion, and Increased Profitability

March 24, 2022 | finance.yahoo.com

Roots Announces Details of its Fourth Quarter and Fiscal Year 2021 Results Conference Call

See More Headlines

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Company Calendar

Last Earnings: 2/21/2024
Today: 4/18/2024
Next Earnings (Confirmed): 4/30/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Finance
Industry: Fire, marine, & casualty insurance
Sub-Industry: N/A
Current Symbol: NASDAQ:ROOT
CUSIP: N/A
CIK: 1788882
Web: joinroot.com
Phone: 866-980-9431
Fax: N/A
Employees: 680
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $15.88
High Stock Price Target: $40.00
Low Stock Price Target: $3.00
Potential Upside/Downside: -69.3%
Consensus Rating: Hold
Rating Score (0-4): 2.44
Research Coverage: 9 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($10.23)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-147,400,000.00
Net Margins: -32.40%
Pretax Margin: -32.40%
Return on Equity: -73.62%
Return on Assets: -11.83%

Debt

Debt-to-Equity Ratio: 1.80
Current Ratio: 1.60
Quick Ratio: 1.60

Sales & Book Value

Annual Sales: $455 million
Price / Sales: 1.66
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $11.35 per share
Price / Book: 4.56

Miscellaneous

Outstanding Shares: 14,600,000
Free Float: 13,090,000
Market Cap: $755.70 million
Optionable: Not Optionable
Beta: 2.86

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Key Executives

Mr. Alexander Edward Timm (Age 34)
Co-Founder, CEO & Director
Comp: $3.01M
Mr. Matt Bonakdarpour (Age 36)
President & CTO
Comp: $1.6M
Ms. Megan Nicole Binkley (Age 40)
Chief Financial Officer
Mr. Jonathan Alexander Allison
Chief Administrative Officer
Mr. Matthew Patrick LaMalva (Age 38)
Head of Investor Relations
Ms. Kelly Ruoff
Chief Communications Officer
Ms. Jill Kellett
Vice President of Product & Marketing
Katelynn Sandy
Chief Information Security Officer
Mr. Mark LeMaster (Age 55)
Chief Claims & Customer Service Officer
Mr. Jason Shapiro
Senior Vice President of Business Development

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

ROOT Stock Analysis - Frequently Asked Questions

Should I buy or sell Root stock right now?: 9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Root in the last twelve months. There are currently 5 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" ROOT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ROOT, but not buy additional shares or sell existing shares.
View ROOT analyst ratings or view top-rated stocks.
What is Root's stock price target for 2024?: 9 brokerages have issued 1-year price objectives for Root's stock. Their ROOT share price targets range from $3.00 to $40.00. On average, they predict the company's share price to reach $15.88 in the next year. This suggests that the stock has a possible downside of 69.1%.
View analysts price targets for ROOT or view top-rated stocks among Wall Street analysts.
How have ROOT shares performed in 2024?: Root's stock was trading at $10.48 on January 1st, 2024. Since then, ROOT stock has increased by 390.7% and is now trading at $51.43.
View the best growth stocks for 2024 here.
When is Root's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 30th 2024.
View our ROOT earnings forecast.
How can I listen to Root's earnings call?: Root will be holding an earnings conference call on Tuesday, April 30th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Root's earnings last quarter?: Root, Inc. (NASDAQ:ROOT) issued its quarterly earnings results on Wednesday, February, 21st. The company reported ($1.64) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.49) by $0.85. The company had revenue of $194.80 million for the quarter, compared to the consensus estimate of $108 million. Root had a negative trailing twelve-month return on equity of 73.62% and a negative net margin of 32.40%.
When did Root's stock split?: Root shares reverse split before market open on Monday, August 15th 2022. The 1-18 reverse split was announced on Monday, August 15th 2022. The number of shares owned by shareholders was adjusted after the closing bell on Monday, August 15th 2022. An investor that had 100 shares of stock prior to the reverse split would have 6 shares after the split.
When did Root IPO?: Root (ROOT) raised $569 million in an initial public offering on Wednesday, October 28th 2020. The company issued 24,200,000 shares at a price of $22.00-$25.00 per share. Goldman Sachs and Morgan Stanley served as the underwriters for the IPO and Barclays, Wells Fargo Securities, Credit Suisse, Deutsche Bank Securities, Evercore ISI, Truist Securities, Cantor, JMP Securities and Siebert Williams Shank were co-managers.
How do I buy shares of Root?: Shares of ROOT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:ROOT) was last updated on 4/18/2024 by MarketBeat.com Staff

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Root (ROOT) Stock Price, News & Analysis

Root MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Root Stock (NASDAQ:ROOT)

ROOT Stock Price History

ROOT Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

ROOT Stock Analysis - Frequently Asked Questions

Overall MarketRank^™